Abstract
This Financial Insights report is a sequel to our 2006 Basel II publication
(see Basel II and Risk Management Survey of Asian Banks: Has a Risk Culture
Taken Root?, Financial Insights #FIN204546, December 2006) on institutions'
change management programs for risk management. With the initial excitement
long faded and deliberation on the finer points of Basel II being ironed out,
banks are progressing toward fine-tuning their implementations in preparation
for looming datelines. This report attempts to capture the extent of groundwork
to date for Pillars 1 and 2. Respondents also shed light on their risk-spending
patterns and on how these Basel initiatives are driving operational and
strategic value. We also propose prescriptions for getting banks' risk
management implementation up to speed and make suggestions for vendors playing
in this space.
"With these updated findings, we are able to track the industry' s risk
implementation over the last two years and provide a useful benchmarking tool
for industry practitioners," said Li-May Chew, CFA, senior research manager for
Financial Insights' Asia/Pacific Insurance Advisory Service.
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